Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: Report

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

A South Korean court acquitted former BithumbOfficial Chairman Lee Jung-hoon of fraud charges. Lee was accused of stealing $100 million from an investor during negotiations for an acquisition. By iamsandali

Lee Jung-hoon was indicted in July 2021. Last October, South Korean prosecutors asked a court to sentence him to eight years in prison. Lee was accused ofduring negotiations for an acquisition deal.

In 2018, Lee proposed that Kim, who was chairman of BK Medical Group, take over Bithumb under a joint management arrangement. Lee was accused of embezzling the acquisition deposit in the name of listing"BXA token," according to the report.If prosecutors are dissatisfied with the judgment of the court, they can appeal the judgement within a week, the report said.

Source: Law Daily Report (lawdailyreport.net)


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bithumb's former chair Lee Jung-Hoon found not guilty: Korea Economic DailyJung-Hoon was accused in October 2018 of fraudulently violating the Act on the Aggravated Punishment of Specific Economic Crimes.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Lee Si Young hikes South Korea's highest peak with her son on her back | allkpopLee Si Young showed off her immaculate strength as she hiked the highest mountain in South Korea with her son on her back. On Jan… queen shit The Definition of MOTHER Incredible - I can barely carry myself to the fridge
Source: allkpop - 🏆 573. / 51 Read more »

North Korea vows to escalate nuclear threat against the SouthNorth Korea’s leader, Kim Jong Un, vowed to expand his country’s nuclear capabilities against rival South Korea​ “exponentially.”​
Source: mercnews - 🏆 88. / 68 Read more »

South Korea, U.S. eye exercises using nuclear assets, Yoon saysSouth Korea and the United States are discussing possible joint planning and exercises using U.S. nuclear assets in the face of North Korea's growing nuclear and missile threats, South Korean President Yoon Suk-yeol said in a newspaper interview. 🤦🏻‍♀️ These warlords again Regardless of threats from the North, why would something like this even be public knowledge, or even acknowledged?
Source: Reuters - 🏆 2. / 97 Read more »

South Korea December factory activity weakens on demand slump, trucker strikeSouth Korea's factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers' strike led to the worst slump in demand in 2-1/2 years. Wirklich. 🥶 Seoul and and the rest of the industrial supply chain. You can pump up supply, but demand needs to be there. Days of milk and honey are on hiatus. the world economy being retired
Source: Reuters - 🏆 2. / 97 Read more »